Michelle Arévalo-Carpenter is a social entrepreneur and investor with 15+ years of experience building the impact ecosystem in Latin America. She is Co-Founder and General Partner of IMPAQTO Capital and a Yale World Fellow at Yale University, her two primary professional homes.

At IMPAQTO Capital, Michelle leads an impact-focused fund that addresses the “missing middle” financing gap for high-potential enterprises in the Andean region. Fund I provides flexible, revenue-aligned capital to impact businesses that are typically overlooked by traditional banks and commercial investors, with the ambition to scale this model across Latin America. In parallel, IMPAQTO Capital offers advisory services as a proximate, locally rooted fund manager, helping other investors design context-aware strategies for the Andean and Amazon regions.

At Yale, Michelle’s work centers on innovative finance for the Andean Amazon, exploring how capital can better serve regenerative business models, local communities, and forest conservation. She also serves on several boards focused on business sustainability and impact finance. Previously, she was Executive Director of Strategy at SOCAP Global and has advised the Skoll Foundation on content for the Skoll World Forum.

Investor Profile

Based In: Quito, Ecuador

Board Positions: Forum for the Future USA, Amazon Investor Coalition Strategic Advisor for the Andean Region, IMPAQTO, Country Advisor - Pomona Fund II

Investor Type: VC Firm

Preferred Sector(s): Access to basic services (health, education, connectivity); Quality employment and agricultural development (agroindustry, food supply chains); Climate solutions (circular economy, renewable energy, nature-based solutions)

Preferred Stage(s): Pre-Seed

Preferred Geo(s): Colombia, Ecuador, Peru, Bolivia and Chile

Website: https://www.impaqtocapital.com/portfolio

LAVCA Honors

Top Women Investors in Latin America 2023, 2024, 2025